International Cartels
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Title: International Cartels

Essay Details:

Subject: History
Author: Usha A
Date: October 24, 2015
Level: University
Grade: B
Length: 3 / 747

Essay text:

These policies may or may not have been applied simultaneously at any given time or place. Definition of Mercantilism : The following ideas, then, lumped together, may be called mercantilism. 1) Bullionism was the belief that the economic health of a nation could be measured by the amount of precious metal, gold, or silver, which it possessed. The rise of a money economy, the stimulation produced by the influx of bullion from America, the fact that taxes were collected in money, all seemed to support the view that hard money was the source of prosperity, prestige, and strength. 2) Bullionism dictated a favorable balance of trade...

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